The Prognosis

About this strategy

Holds an equal-weighted basket of twenty pharma and biotech names and cuts a name's weight on FDA recall severity.

1. Agent triggers

   The run starts daily at 09:40, checking for recourse during market hours. It reacts to FDA recall data from certain firms like Pfizer and Merck.

2. Computes its signals

   It evaluates recalls based on FDA classifications. A Class I recall results in cutting weight to zero, while a Class II recall halves the weight on that name.

3. Sets the target portfolio

   The output is a full target basket of up to twenty equal-weighted names. Any weight loss from recalls is redistributed to remaining names to keep the portfolio fully invested.

4. Executes orders

   Your account executes trades towards this target, selling before buying, within the platform's risk parameters: you set stop-loss and daily loss limits.

Ask this agent

Backtests